LONDON -- Movie rental chain Blockbuster is to shutter its U.K. operations after it failed to attract a buyer.

Private equity firm Gordon Brothers Europe, which bought Blockbuster in March, put it into administration -- the U.K. equivalent to Chapter 11 -- on Nov. 11. It had 264 stores, and employed 2,000 staff at that time.

The firm Moorfields Corporate Recovery was given the task of finding a new buyer, but has failed.

Now the 91 stores that remain - which have 808 employees -- will close by Dec. 16.

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